New Zealand Case Law: Decisions & Judgments | LexChat

New Zealand Case Law

Insider conduct
  • 3 Nov 2023

    R v Y [2023] NZHC 3101

    Citation
    [2023] NZHC 3101
    Court
    High Court

    Conviction entered; objective seriousness of tipping by a trusted insider with substantial share sales warranted an 18-month imprisonment starting point reduced for significant compassionate mitigation (family circumstances regarding defendant's ill young child) to 14 months, but having regard to deterrence, denunciation and least restrictive principle the court imposed a non-custodial sentence: six months' community detention (curfew 9:00 pm–6:00 am daily) plus a fine of $100,000; suppression granted for details of defendant's son's illness and interim suppression of identifying particulars…